BESF vs. BSMY

Last updated Jun 4, 2026

BESF (Bastion Energy ETF) and BSMY (Invesco BulletShares 2034 Municipal Bond ETF) are both exchange-traded funds - BESF is a Energy Equities fund actively managed by Bastion, while BSMY is a Municipal Bonds fund tracking the Invesco BulletShares USD Municipal Bond 2034 Index. BESF is actively managed, while BSMY is passively managed. At a correlation of -0.21, they often move in opposite directions. BESF charges 0.80%/yr vs 0.18%/yr for BSMY.

Performance

BESF vs. BSMY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bastion Energy ETF (BESF) and Invesco BulletShares 2034 Municipal Bond ETF (BSMY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BESF achieves a 19.74% return, which is significantly higher than BSMY's 1.43% return.

BESF

• 1D: 0.68%
• 1M: -4.08%
• YTD: 19.74%
• 6M: 21.51%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BSMY

• 1D: 0.03%
• 1M: 0.52%
• YTD: 1.43%
• 6M: 1.83%
• 1Y: 8.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BESF vs. BSMY - Yearly Performance Comparison

	2026 (YTD)	2025
BESF Bastion Energy ETF	19.74%	41.15%
BSMY Invesco BulletShares 2034 Municipal Bond ETF	1.43%	6.20%

Correlation

The correlation between BESF and BSMY is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	-0.21

Return for Risk

BESF vs. BSMY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BSMY

BSMY Risk / Return Rank: 68
BSMY Sharpe Ratio Rank: 73
BSMY Sortino Ratio Rank: 80
BSMY Omega Ratio Rank: 83
BSMY Calmar Ratio Rank: 51
BSMY Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BESF vs. BSMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bastion Energy ETF (BESF) and Invesco BulletShares 2034 Municipal Bond ETF (BSMY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BESF	BSMY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.87	0.37	+2.50

Drawdowns

BESF vs. BSMY - Drawdown Comparison

The maximum BESF drawdown since its inception was -9.89%, which is greater than BSMY's maximum drawdown of -6.81%. Use the drawdown chart below to compare losses from any high point for BESF and BSMY.

Drawdown Indicators

	BESF	BSMY	Difference
Max Drawdown Largest peak-to-trough decline	-9.89%	-6.81%	-3.08%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.31%	—
Current Drawdown Current decline from peak	-5.88%	-0.79%	-5.09%
Average Drawdown Average peak-to-trough decline	-2.45%	-1.98%	-0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.95%	—

Volatility

Volatility by Period

	BESF	BSMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.55%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.33%	3.46%	+20.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.33%	5.23%	+19.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.33%	5.23%	+19.10%

BESF vs. BSMY - Expense Ratio Comparison

BESF has a 0.80% expense ratio, which is higher than BSMY's 0.18% expense ratio.

Dividends

BESF vs. BSMY - Dividend Comparison

BESF's dividend yield for the trailing twelve months is around 5.68%, more than BSMY's 3.53% yield.

Position	TTM	2025	2024
BESF Bastion Energy ETF	5.68%	6.39%	0.00%
BSMY Invesco BulletShares 2034 Municipal Bond ETF	3.53%	3.31%	0.79%

Frequently Asked Questions

Can I hold both BESF and BSMY in my portfolio?

BESF and BSMY have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BESF or BSMY?

On fees, BSMY is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BESF or BSMY?

BSMY is cheaper with a 0.18% expense ratio, compared with 0.80% for BESF.

Which ETF pays a higher dividend yield, BESF or BSMY?

BESF has the higher dividend yield at 5.68%, compared with 3.53% for BSMY.

What is the main difference between BESF and BSMY?

BESF is categorized as Energy Equities, while BSMY is Municipal Bonds. They also come from different issuers: Bastion and Invesco. Their fees differ too: 0.80% for BESF and 0.18% for BSMY.